Record Revenue Growth
Revenue reached $218 million, marking the second best quarter for shipments ever and a 14% increase compared to Q3 2024, driven by U.S. shipments and gains in all market channels.
Significant Backlog Increase
Order volume grew the backlog by 28% compared to the beginning of the year, mainly driven by the U.S. distribution network and OEM business.
Expansion of Manufacturing Capacity
New facilities and equipment in Mexico will add approximately $100 million of capacity, increasing total manufacturing capacity to around $1.2 billion by 2027.
Strong Data Center Segment Performance
Data center activity accelerated, with several large orders received, accounting for 53% of total Q3 closing backlog.
U.S. and Mexico Market Growth
Shipments to the U.S. and Mexico increased by 21% versus the previous year.